RBA: 50bps in Cuts Look Assured But Global Factors May Require More Stimulus
The minutes of the Reserve Bank Board meeting for August provided one significant surprise. In the Governor’s decision statement following the meeting on August 6, the conclusion included “the Board would continue to monitor developments in the labour market closely...
AUD/USD And NZD/USD At Risk Of More Downsides
AUD/USD failed to climb above the key 0.6800 resistance and declined recently. Similarly, NZD/USD is struggling to recover and facing a strong resistance near the 0.6400 area. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar is trading well below...
Will Argentina’s economy do the dead cat bounce?
In June, this column predicted that default was inevitable, whoever won the coming presidential election. The foreign currency debt dynamics that had led to the IMF’s $56 billion rescue package had become a mortal weakness. That rising debt meant that...
Stocks making the biggest moves after hours: Gap, Salesforce, Intuit
Kuni Takahashi | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Gap slid as much as 7% before settling around 1% lower in extended trading after the retailer posted second-quarter sales that missed...
Local players dominate Latin American investment banking
As corporate debt with a negative yield passes the $1 trillion threshold, the fact that a recent local CRI debenture in Brazil raised only R$538 million ($132 million) in orders for a proposed R$1 billion deal may seem like a...
Top 10 Trading Myths: Guest Commentary
Debunking top trading myths with Dr. Gary Dayton from Trading Psychology Edge Knowing the difference between common trading myths and the reality is essential to long-term success. In this article, guest editor, Dr Gary Dayton explores the top 10 trading...
What is Forex Risk Management? Learn the Basics
Effective forex risk management allows currency traders to minimize losses that occur as a result of exchange rate fluctuations. Consequently, having a proper forex risk management plan in place can make for safer, more controlled and less stressful currency trading....
Will German Fiscal Stimulus Be Too Little, Too Late?
The euro area is on the brink of yet another crisis, with Germany likely to enter a technical recession soon, as the export-heavy economy feels the burn of the US-China trade war and of Brexit worries. Although the ECB is...
EUR/USD Outlook: Directionless Mode Extends into Fifth Day as Market Await Fresh Signals from Powell
The Euro tested both boundaries of five-day range (1.1066/1.1113) on Thursday, but failed to break on either side, as price action in Asia/Europe/early US session is presented in long-legged Doji daily candle that signal strong indecision. Conflicting daily indicators (momentum...
Sterling Jumps on German Merkel’s Comments on Irish Backstop
Sterling rebounds strongly after German Chancellor Angela Merkel expressed her optimism that Irish border backstop solution could be achieved before Brexit date. The Pound is currently the strongest one, followed by Canadian Dollar. On the other hand, cautious risk sentiments...
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